Maryland State Retirement & Pension System Has $1.85 Million Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Posted by Defense World Staff on Sep 22nd, 2023

Maryland State Retirement & Pension System trimmed its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO – Free Report) by 3.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,590 shares of the company’s stock after selling 482 shares during the period. Maryland State Retirement & Pension System’s holdings in Take-Two Interactive Software were worth $1,853,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. First Horizon Advisors Inc. raised its holdings in shares of Take-Two Interactive Software by 50.0% in the 1st quarter. First Horizon Advisors Inc. now owns 282 shares of the company’s stock valued at $34,000 after purchasing an additional 94 shares during the period. Money Concepts Capital Corp raised its holdings in Take-Two Interactive Software by 73.2% in the 4th quarter. Money Concepts Capital Corp now owns 284 shares of the company’s stock valued at $30,000 after acquiring an additional 120 shares during the period. Resurgent Financial Advisors LLC bought a new position in Take-Two Interactive Software in the 4th quarter valued at about $37,000. Harbour Investments Inc. raised its holdings in Take-Two Interactive Software by 60.7% in the 4th quarter. Harbour Investments Inc. now owns 376 shares of the company’s stock valued at $39,000 after acquiring an additional 142 shares during the period. Finally, Quilter Plc bought a new position in Take-Two Interactive Software in the 1st quarter valued at about $411,102,000. 89.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TTWO. Stifel Nicolaus reissued a “buy” rating and issued a $167.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, September 13th. Bank of America raised their target price on shares of Take-Two Interactive Software from $146.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, July 17th. Truist Financial reaffirmed a “buy” rating and set a $158.00 target price on shares of Take-Two Interactive Software in a report on Wednesday, August 16th. Morgan Stanley lifted their price objective on shares of Take-Two Interactive Software from $158.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, August 9th. Finally, StockNews.com began coverage on shares of Take-Two Interactive Software in a research note on Thursday, August 17th. They issued a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.76.

Check Out Our Latest Research Report on Take-Two Interactive Software

Take-Two Interactive Software Price Performance

TTWO stock opened at $135.94 on Friday. The firm has a market cap of $23.09 billion, a price-to-earnings ratio of -18.65, a PEG ratio of 2.60 and a beta of 0.69. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30. Take-Two Interactive Software, Inc. has a 12-month low of $90.00 and a 12-month high of $153.84. The company’s fifty day simple moving average is $144.09 and its 200 day simple moving average is $134.31.

Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) last announced its quarterly earnings data on Tuesday, August 8th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.05. Take-Two Interactive Software had a negative net margin of 22.17% and a positive return on equity of 3.04%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. On average, analysts expect that Take-Two Interactive Software, Inc. will post 1.66 earnings per share for the current year.

Take-Two Interactive Software Profile

(Free Report)

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.